Pentagon Extends 5-Company, $25 Million Green Energy Contract

Before you go, we thought you'd like these...
Before you go close icon

The Department of Defense named five companies -- two private, three publicly traded -- to participate in a fourth option year extending an indefinite-quantity/indefinite-delivery, firm-fixed-price multiple award contract, and to split $25 million for their work. With this option, the underlying contract will now be worth $200 million, and will remain in force through February 2015.

The contract in question calls for the supply of renewable electrical power through power purchase agreements at Naval and Marine Corps installations in the Naval Facilities Engineering Command (NAVFAC) Southwest area of responsibility (AOR) -- California and Arizona, in particular. The contractors involved will bid on task orders to generate and sell power from renewable power systems that are constructed, owned, operated, and maintained by the contractor on Government property located within the installations to be supplied.

The companies named as winners of this contract include the following publicly traded companies:

  • NRG Energy
  • Chevron
  • and SunEdison

Also included are privately held Solarstar California XV and SunDurance Energy, LLC.

The article Pentagon Extends 5-Company, $25 Million Green Energy Contract originally appeared on

Rich Smith has no position in any stocks mentioned. The Motley Fool recommends Chevron. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

People are Reading